SPDR Dow Jones Industrial Average ETF (DIA)

Consumer price index (CPI) rose 0.2% in January on a seasonally adjusted basis, after rising 0.3% in December.

The Treasury Secretary added that free trade with China was unfair and that American workers were wiped out in the process.

Wall Street analysts expect the headline and core CPI to rise 0.3% in January.

Data on Stocktwits showed retail traders remained bearish on SPY and ‘extremely bearish’ on QQQ.

Among the key catalysts for Friday is the release of U.S. January consumer price index data.

Democrats on Thursday blocked a Republican-backed measure to secure votes to fund the Department of Homeland Security beyond the Feb. 13 midnight deadline.

Schiff noted that total federal spending was only about 2% of GDP back then, while today it’s over 23%.

According to data from the U.S. Bureau of Labor Statistics (BLS), the unemployment rate stood at 4.3% in January.

Retail chatter on Stocktwits shows that sentiment remains deeply bearish on SPY and QQQ.

Investor focus shifted to Wednesday’s U.S. jobs report, wage data, Fed remarks, and the federal budget release.

According to a report from Reuters, Hammack said on Tuesday that the Federal Reserve is not in a hurry to alter interest rates this year as it sees a “cautiously optimistic” outlook for economic activity in the country.

As per the data from Bloomberg Intelligence, equity turnover averaged a record $1.03 trillion in January, a roughly 50% increase from the same period in 2025.

Retail chatter on Stocktwits shows ‘ bearish’ sentiment for the SPY ETF, as well as tech-heavy QQQ.

Peter Tuchman flags a widening split between the S&P 500 and Dow as mega-cap tech spending tests investor patience.

As per a Bloomberg report, Citi strategists said the Fed could also opt to decrease the pace of its T-bill purchases from about $40 billion a month currently, or stop them altogether.